eHealth, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

eHealth, Inc. (NASDAQ: EHTH) announced on October 12, 2022 that it granted an inducement stock unit award to Michelle Barbeau, the new Chief Marketing Officer, effective September 6, 2022. The award consists of 150,376 shares, vesting over four years with 25% vesting on the first anniversary of the vesting start date of September 10, 2022. This grant is in line with Nasdaq Listing Rule 5635(c)(4) and aims to attract talent to the company.

Positive

• Inducement stock unit award of 150,376 shares granted to attract the new CMO.
• Vesting schedule aligns with long-term commitment of the executive.

Negative

• None.

SANTA CLARA, Calif., Oct. 14, 2022 /PRNewswire/ -- eHealth, Inc. (NASDAQ: EHTH) (eHealth.com), a leading private online health insurance marketplace (the "Company"), today announced that on October 12, 2022, the Compensation Committee of its Board of Directors granted an inducement stock unit award to Michelle Barbeau, who joined the Company as Chief Marketing Officer of the Company on September 6, 2022. The award was granted under the Company's Amended and Restated 2021 Inducement Plan (the "Inducement Plan") and otherwise will be subject to the terms and conditions of a stock unit agreement under the Inducement Plan.

The stock unit award covers 150,376 shares of the Company's common stock and will be subject to vesting over four years, with 25% vesting on the first anniversary of the vesting commencement date of September 10, 2022, and the remainder vesting in equal quarterly installments over the subsequent three years, subject to Ms. Barbeau's continued service with the Company through the vesting date and potential acceleration upon certain terminations of employment.

The stock unit award was granted as an inducement material to Ms. Barbeau's accepting employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

About eHealth, Inc.

eHealth, Inc. (NASDAQ: EHTH) operates a leading health insurance marketplace at eHealth.com and eHealthMedicare.com with technology that provides consumers with health insurance enrollment solutions. Since 1997, we have connected more than eight million members with quality, affordable health insurance, Medicare options, and ancillary plans. Our proprietary marketplace offers Medicare Advantage, Medicare Supplement, Medicare Part D prescription drug, individual, family, small business, and other plans from approximately 200 health insurance carriers across fifty states and the District of Columbia.

Media inquiries, please contact pr@ehealth.com

Investor Relations Contact:
Kate Sidorovich, CFA
Senior Vice President, Investor Relations & Strategy
Kate.Sidorovich@ehealth.com

 

 

 

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SOURCE eHealth, Inc.

FAQ

What did eHealth announce on October 12, 2022?

eHealth announced an inducement stock unit award to Michelle Barbeau, its new Chief Marketing Officer.

What is the stock unit award granted to eHealth's CMO?

The stock unit award granted to eHealth's CMO covers 150,376 shares of common stock.

How long is the vesting period for the CMO's stock unit award?

The vesting period for the CMO's stock unit award is four years.

What is the significance of the inducement stock unit award?

It is intended to attract and retain talent in accordance with Nasdaq Listing Rule 5635(c)(4).